The transactions involved stakes ranging from 0.84% to 2.6% in the respective companies, with Meesho seeing the largest deal in value terms at ₹900 crore, followed by Escorts Kubota at ₹453 crore and Welspun Living at ₹526 crore.
Buyers in these transactions are not officially known yet. Here’s a look at these trades:
Welspun Living
Welspun Living saw 2.44 crore shares, or around 2.6% of its equity, change hands in a block deal at ₹215 per share. The transaction was worth ₹526 crore.Shares of the company were trading higher after the block deal, gaining as much as 5.2% on Wednesday to ₹233 on the NSE. The stock has now cooled from those highs, currently trading 1% higher at ₹223.74. The stock is up 70% so far this year.
At the end of the June quarter, promoters and the promoter group held a 66.36% stake in Welspun Living, while public shareholders held 33.29%. Employee trusts accounted for the remaining 0.35%.
Texmaco Infrastructure
Texmaco Infrastructure & Holdings saw 1.28 crore shares change hands at ₹115.02 apiece, taking the transaction value to around ₹147 crore.
Having gained as much as 7% to an intraday high of ₹126.59, shares of Texmaco Infra are trading 4.2% higher at ₹119.86. The stock is up 20% so far this year.
Promoters of Texmaco Infra had a 66.55% stake in the company, while 33.45% stake was held by Public shareholders, as per the BSE shareholding pattern for the June quarter.
Meesho
E-commerce platform Meesho saw 3.86 crore shares, representing around 0.84% of its equity, change hands in a block deal at ₹233 per share. The transaction was worth around ₹900 crore.This follows a large block transaction in the stock earlier this month. On September 3, SVF II Meerkat (DE) LLC sold shares worth around ₹1,650 crore across two block trades at ₹206.30 per share.
Meesho shares fell following Wednesday’s block deal and were trading around 2% lower at ₹235.35. The stock had surged close to its post-listing high of ₹254 on Wednesday, after brokerage firm UBS had raised its price target on the newly-listed company.
The company’s promoter holding stood at 16.41%, while public shareholders held 83.59% in the latest shareholding pattern as of June 30. Among public shareholders, foreign companies held 63.80% of the company’s equity.
Allied Blenders & Distillers
Allied Blenders saw around 29.2 lakh shares, or roughly 1% of its equity, change hands at ₹653 per share in block deals. The transaction was valued at around ₹191 crore.
The block deal comes a day after the company disclosed that promoter group member Bina Kishore Chhabria plans to sell up to 55 lakh shares, representing 1.97% of the company’s equity, through open-market transactions.
The proposed sale is scheduled to take place between September 23 and October 31 to help Allied Blenders meet minimum public shareholding requirements. The promoter and promoter group held 80.91% of the company as of September 22.
Public shareholders held 19.09% stake in the company as per the latest shareholding pattern. The promoter group comprises seven shareholders.
Shares of the company rose after the block deal on Wednesday and were trading at ₹653.70, up 0.9%. The stock has advanced nearly 9% since January this year.
Optiemus Infracom
Optiemus Infracom saw around 15.85 lakh shares, or 1.82% of its equity, change hands in block deals at an average price of ₹845 apiece. The transaction was valued at around ₹136 crore.
The block deal comes a day after the stock surged 20% on September 22, after Optiemus announced that it had entered into a binding term sheet with Nothing Electronics to establish a joint venture for the commercialisation and sale of CMF products, including mobile phones and their sub-assemblies and components.
Under the proposed arrangement, Optiemus will initially acquire a 51.1% stake in the JV, subject to conditions precedent, necessary approvals and execution of definitive agreements.
The expanded partnership will also see Optiemus participate in Nothing’s upcoming Series A investment round for CMF. The companies said the partnership aims to build end-to-end smartphone R&D capabilities in India, spanning industrial design, mechanical, camera, software, connectivity, and component engineering.
Optiemus Infra’s promoters held 71.40% of the company’s equity, while public shareholders held 28.60% as per the latest shareholding pattern.
Shares of the company extended their gains on Wednesday, rising as much as 20% before paring some of those gains. The stock was trading about 14% higher at around ₹808.6, taking the year-to-date gains past 60%.
Escorts Kubota
Escorts Kubota also saw a large block deal, with around 16.22 lakh shares, or 1.45% of the company’s equity, changing hands at ₹2,794 apiece. The transaction was valued at around ₹453 crore.
No details on the buyer or seller were immediately available.
Shares of the company were trading 0.5% higher at ₹2,807.6. The stock has declined nearly 27% so far this year.
Molbio Diagnostics
Molbio Diagnostics saw 27.81 lakh shares, or around 2.41% of its equity, change hands in a block deal at ₹1,315 per share. The transaction was valued at around ₹366 crore.
Promoters held a 41.29% stake in Molbio Diagnostics, while public shareholders held 58.71% in the latest shareholding pattern. Of the promoter-held shares, 100% were classified as locked-in, while 68.32% of public-held shares were locked in.
Shares of the company were trading in the green following the block deal on Wednesday. The stock was up 4.14% at ₹1,316.10. The stock has cooled off significantly from its post-listing high of ₹1,686.6, which was more than double of its issue price of ₹807 apiece.